The fact that a startup pivots doesn’t automatically mean that it’s founders are bad at what they are doing. Most startups fail or pivot from the outside view.
I don’t think Viliam was claiming it means the founders are bad at what they’re doing (in any sense stronger than that they aren’t able to do it in such a way as to make a commercial success). Only that “smart people seem enthusiastic about it” is perfectly consistent with “nothing will come of it in the end”.
The fact that a startup pivots doesn’t automatically mean that it’s founders are bad at what they are doing. Most startups fail or pivot from the outside view.
I don’t think Viliam was claiming it means the founders are bad at what they’re doing (in any sense stronger than that they aren’t able to do it in such a way as to make a commercial success). Only that “smart people seem enthusiastic about it” is perfectly consistent with “nothing will come of it in the end”.